According to regulatory documents filed with the U.S. Commodity Futures Trading Commission (CFTC), the betting contract involves the use of cryptocurrencies such as cryptocurrencies owned by Donald Trump.
These include how President-elect Trump would structure his administration and the possibility of him being impeached during his term.
During the presidential election, political prediction platforms attracted betting money, and on November 5, the election day, presidential election-related
The betting volume in the US has reportedly reached around $4 billion. Web3-based Polymarket is the main choice for bettors, and the company
According to the website, it recorded $3.3 billion in betting volume on the presidential election. However, Kalshi, a US-based derivatives exchange, was also indicted on October 7 by a judge.
After winning an important court ruling, Kalshi launched a political event contract, which quickly gained attention. Kalshi's flagship US presidential election betting market was worth $250 million (approximately $1.2 billion) as of the 5th.
In order to attract cryptocurrency users, Kalshi will start accepting deposits in the popular stablecoin USD Coin (USDC) from October 28th.
The prediction market also added contracts for betting on the outcomes of elections outside the U.S., including bets on the 2025 Canadian and Irish elections, according to the CFTC filing.
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2024/11/08 17:56 KST
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